Business And Markets

$1.5b Earmarked for Food Imports

$1.5b Earmarked for Food Imports
$1.5b Earmarked for Food Imports

Hurdles to forex allocation for the import of essential goods have been removed and as of Sunday an extra $1.5 billion was budgeted for such imports, news outlets in Tehran said Monday. 
The latest disbursement was thanks to close coordination between the Plan and Budget Organization, Central Bank of Iran and the Agriculture Ministry along with the needed guarantees, reported.
Given that some shipments are on their way to the country, it is expected that the latest funding should have a positive impact on the supply of goods in the chaotic market saddled with near permanent rising prices, shortages and price gouging.


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